China is now GM’s largest market
A BizTimes reader recently was intrigued with a short report about General Motor Co.’s successes in China and wanted to know more about what this means in terms of the United States and the future.
An American institution started in 1908, GM created the world’s largest automobile company through acquisitions, marketing, financial and political clout. It benefited from 80 years of economic prosperity and dominated the U.S. and world automobile industry for 77 of them.
The reign hit a hiccup in 2008, when Toyota took the U.S. title and then again on June 8, 2009, when GM filed for Chapter 11 bankruptcy protection. On July 10, 2010, after with a multibillion dollar bailout from the government, the company reemerged.
Read more here in the latest issue of BizTimes Milwaukee.
